Search: 'administration'

In the first part of a feature on the financial turmoil that has enveloped football, Ashley Shaw looks at the fury caused by the Glazers' attempt to load even more debt on to Manchester United

There have been few more important documents in the history of Manchester United than the bond prospectus published last month. The admission that the Glazers have already taken out £22.9 million in loans and fees, and could suck a further £500m out of the club over the next seven years, means there can no longer be any pretence about the motivation for the 2005 takeover. The age of the football asset-stripper is at hand.

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Tom Davies reacts to Crystal Palace going into administration and looks at other teams threatened by HM Revenue & Customs

In a season of such widespread financial dysfunction, it’s perhaps surprising that it has taken until January for any professional club to go into administration, the fate that befell Crystal Palace at the end of last month. The administrator was called in by the London-based investment fund Agilo, a “specialist in distressed companies”, to whom chairman Simon Jordan had mortgaged much of the club’s asset base, including player wages, sale income and the basic fixtures and fittings.

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Scott Anthony looks back on Blackburn Rovers' Premier League triumph

The long-term significance
Kenny Dalglish’s Blackburn Rovers remain the only club outside the current Big Four to win the English title since the 1992 breakaway of the old First Division. Arsenal and Chelsea not only finished below Tottenham, Newcastle and Nottingham Forest, but also QPR, Southampton and Wimbledon.

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Andrew Scowcroft explains why he's no longer willing to help service his club's debts as much as ten months in advance

During Crystal Palace’s 4-1 win over Blackpool, my friend Chris and I had the break-up conversation, the one in which I said: “I’m not renewing my season ticket.” Although October 3 seems ridiculously early to bring it up, it was the date that Crystal Palace published their season ticket brochure for 2010-11.

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For Notts County fans the last few months have been like no other. Julian McDougall tries to keep up with things

In the second half of 2009 ordinary long-standing Notts County fans were subjected to a series of psycho-political experiments. Novelists from Charles Dickens to Margaret Atwood have stretched social reality to develop extreme scenarios which allow readers to explore their anxieties about the world – blending utopia and dystopia to produce complexity which reflects the ambiguous nature of human thought. But if a writer had made up events at Meadow Lane this season, their publisher would likely reject it as “too far-fetched”. Sven-Göran Eriksson arrives, Kasper Schmeichel signs, Sol Campbell comes, rumours link us to David Beckham, Roberto Carlos, Roberto Mancini and Kevin Keegan. Sol goes. The Guardian print allegations of corruption on a daily basis. Bust before bloody Christmas.

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